Nov. 08, 2017 | Mario Toneguzzi
The arrow is pointing upwards for Calgary housing market as recovery continues
It's been a tough couple of years for Calgary's housing market, as it slowly recovers from the collapse of oil prices that started in 2014.
That pain created some deep wounds for the city's economy, which shed thousands of jobs and plunged into a recession for both 2015 and 2016. The light at the end of the tunnel began to materialize this year, and the recovery is expected to fully take hold in 2018.
That's good news for the real estate market, as job growth will fuel demand going forward.